Mesirow Extends Lease At 353 North Clark Street In Chicago's River North For 10 Years, Reducing Office Space

The financial services firm Mesirow has extended its lease at 353 North Clark Street in Chicago's River North for 10 years. The lease term reflects a shift towards smaller workspaces, as Mesirow is reducing its office space by one-third despite a growing local headcount. This downsizing aligns with the trend of companies adapting to remote work and reflects a positive move amidst a challenging real estate landscape.

Summary of transaction details

• Property Type: Office
• Transaction Amount: Not mentioned
• Square Footage: 110,000 SF
• Address: 353 North Clark Street, Chicago
• Market: Chicago

The landlord of the property is Maury R. Tognarelli from Heitman, while the tenant is Natalie Brown from Mesirow. Representing the landlord, Michael Kazmierczak and Seth Tuscher from CBRE played a role in the transaction. On the tenant's side, Ari Klein and Scott Shelbourne from Cushman & Wakefield acted as representatives. This deal showcases the collaboration between these individuals and companies in securing the lease extension for Mesirow.